The Bangladesh Financial Intelligence Unit (BFIU) has formed a nine-member panel to track down money that has been laundered abroad.
The committee will be responsible for bringing back the money, a BFIU statement said on Wednesday (Dec 11).
According to BFIU, a guideline has been issued on Tuesday (Dec 10) to prevent money laundering in the guise of foreign trade.
The guideline was drafted by a focus group comprising of National Board of Revenue, BFIU and Bangladesh Bank representatives.
All the banks have been ordered to prepare a guideline/manual of their own by taking into accounts the risk of trade-related money laundering.
The banks will have to submit the guidelines by Mar 10 and implement it by Jun 1.